Movella Files Form 25 To Voluntarily Delist Its Securities From The Nasdaq Stock Market; Expects That Trading Will Be Suspended On April 2, 2024 Prior To The Market Opening
Portfolio Pulse from Benzinga Newsdesk
Movella Holdings Inc. (NASDAQ:MVLA) announced its voluntary delisting from the Nasdaq Stock Market, with trading suspension expected on April 2, 2024. The company plans to have its securities quoted on an OTC market operated by OTC Markets Group Inc. around or after April 12th, although there's no guarantee of continued trading.
April 01, 2024 | 1:06 pm
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Movella Holdings Inc. is voluntarily delisting from Nasdaq, with plans to move to an OTC market. Trading suspension is expected on April 2, 2024.
The voluntary delisting and move to an OTC market could lead to decreased liquidity and visibility for Movella's securities, potentially negatively impacting its stock price in the short term.
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